June 05, 2002 08:49am
IACP Changing Name to Scores Holding Company Inc.
Source: Internet Advisory Corp.
by: Company Press Release
(NEW YORK, NY) -- The Internet Advisory Corp. announced today that it is changing its name to "Scores Holding Company Inc." IACP filed a preliminary information statement with the United States Securities and Exchange Commission on June 4, 2002 and will file the definitive information statement on June 14, 2002.
As of May 23, 2002 IACP had 15,739,676 common shares issued and outstanding with 14,233,000 shares owned by officers, directors and principal shareholders. Stockholders holding 10,891,667 (approximately 69.2%) of the outstanding common shares on May 23, 2002 approved the name change and the Board of Directors has consented in writing to changing the Company name to Scores Holding Company Inc. The name change will be consummated when IACP files an Articles of Amendment with the Utah Department of Commerce.
"We are changing the name of our Company to directly communicate what constitutes the core of our business -- the Scores brand," said Richard Goldring, Chairman and Ceo of IACP. "Recognition and awareness of the Scores name and the quality it represents in adult entertainment is the foundation of our business going forward as Scores Holding Company Inc."
Over the past 10 years the Scores name has grown to be a premier brand in the adult industry and was recognized in 2000 as "The Best Adult Nightclub in the United States" by industry magazine Exotic Dancer and cited as "The Premier Adult Club in Manhattan" by Time Magazine in 2001.
Safe Harbor Statement -- Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "Anticipate," "believe," "expect," "future," "may," "Will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.
Contact: Rich Schineller rich@3rd-mm.com 973-633-0888 ext. 110
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